(5) Acquisitions
Proposed Pringles Merger Terminated
On April 5, 2011, Diamond entered into a definitive agreement with The Procter & Gamble Company (“P&G”) to merge P&G’s Pringles business into the Company. On February 15, 2012, Diamond and P&G mutually agreed to terminate the Company’s proposed merger of the Pringles business. No “break-up” fee or other fees were paid to P&G in connection with the termination, which included a mutual release.